First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Up 220.0% in November

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,600 shares, a growth of 220.0% from the October 31st total of 500 shares. Based on an average daily trading volume, of 45,700 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Nasdaq Oil & Gas ETF Stock Up 0.2 %

First Trust Nasdaq Oil & Gas ETF stock traded up $0.05 during midday trading on Wednesday, reaching $31.68. The company’s stock had a trading volume of 20,393 shares, compared to its average volume of 53,337. The business has a 50-day simple moving average of $30.23 and a 200-day simple moving average of $30.34. The company has a market cap of $180.58 million, a P/E ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $26.60 and a fifty-two week high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.203 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 1st quarter worth approximately $203,000. Jaffetilchin Investment Partners LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 1st quarter valued at $481,000. Cetera Investment Advisers raised its position in First Trust Nasdaq Oil & Gas ETF by 182.4% in the 1st quarter. Cetera Investment Advisers now owns 119,419 shares of the company’s stock valued at $3,857,000 after purchasing an additional 77,133 shares during the last quarter. Cetera Advisors LLC grew its position in First Trust Nasdaq Oil & Gas ETF by 67.6% during the 1st quarter. Cetera Advisors LLC now owns 52,737 shares of the company’s stock worth $1,703,000 after purchasing an additional 21,272 shares during the last quarter. Finally, CWM LLC increased its stake in First Trust Nasdaq Oil & Gas ETF by 2.9% in the second quarter. CWM LLC now owns 45,955 shares of the company’s stock valued at $1,418,000 after purchasing an additional 1,278 shares during the period.

About First Trust Nasdaq Oil & Gas ETF

The First Trust Nasdaq Oil & Gas ETF (FTXN) is an exchange-traded fund that is based on the NASDAQ US Smart Oil & Gas index. The fund tracks an index composed of 50 US oil and gas companies. Holdings are selected by liquidity and weighted based on volatility, value and growth factors. FTXN was launched on Sep 20, 2016 and is managed by First Trust.